LukOil leaves Saudi Arabia
The largest Russian oil company LulOil announced that it leaves Saudi Arabia, the head of the company Vagit Alekperov announced this at the St. Petersburg International Economic Forum. "We decided to leave Saudi …
LukOil
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LukOil may sell part of its assets in Europe
LukOil considers the possibility to sell its factories in Italy, Romania, Bulgaria and Netherlands, its president Vagit Alekperov stated. "These assets are not strategic for us. Over the past years, we mainly …
"Lukoil" starts drilling in Caspian Sea
"Lukoil" plans to start drilling at the Filanovsky field in the Caspian Sea in June and production - in September. "Lukoil" will build more than 25 platforms for the development of the North Caspian fields, total …
Vagit Alekperov to visit Iran in September
The head of LUKOIL, Vagit Alekperov, intends to pay a visit to Tehran this year in September in order to present his position on possible projects for development of fields in Iran. The statement was made after a meeting with …
Vagit Alekperov to meet OPEC partners in Vienna
Lukoil’s President Vagit Alekperov is currently in Vienna for talks with the company’s partners from the Organization of the Petroleum Exporting Countries (OPEC). "Today we shall meet the Saudis, …
Lukoil starts building manufacturing plant in Kazakhstan
Russia's Lukoil oil company started to build a new lubricant manufacturing plant in Kazakhstan's Almaty province on May 19. The plant's capacity will be 100,000 tons of lubricants per year, with the possibility of …
Alekperov: oil prices may overcome $55 by end of year
Lukoil’s President Vagit Alekperov predicted that oil prices fluctuate between $45-55 per barrel this year and may rise by the end of the year. He explained that it may be caused by the decrease in oil production …
Moody's confirms ratings of Russian oil and gas companies
Moody's Investors Service has confirmed at Ba1 the corporate family ratings (CFRs) of Gazprom, Gazprom Neft, Oil Company Rosneft, Lukoil and Novatek. The outlook on all the ratings is negative. "Our decision to confirm the …
Vagit Alekperov: oil prices enter stable period
Lukoil’s President Vagit Alekperov believes that the oil industry is entering a period of "stable oil prices and growth", forecasting an oil price of $50 per barrel by the end of this year. "Russian …
Fedun: Lukoil still interested in Iran
Lukoil is ready to invest in Iran fields as much as it invested in Iraq, the Vice President of Lukoil Leonid Fedun said. He said that Lukoil looks "at this region the same way as at Iraq", the …
First tanker of Iranian oil already on its way to Europe
The first tanker with Iranian oil, chartered by Litasco, has departed from Iran's loading terminal at Kharg Island in the Persian Gulf for Europe, Bloomberg reported. According to the agency, the tanker, which can hold 1 million barrels …
The trade turnover of Russia and Iran is changing, Nina Mamedova says
The head of the Iranian section of the Center for the Study of Countries of the Middle East of the Institute of Oriental Studies of the RAS, Nina Mammadova, believes that the lifting of the sanctions against Iran can change greatly the structure …
Vladimir Dorokhin: Russian-Azerbaijani relations stable and friendly
The most important thing in relations with Azerbaijan is the stable, friendly character in relations and interest in the success of both countries, the Russian Extraordinary and Plenipotentiary Ambassador to Azerbaijan, Vladimir …
Iranian oil bids to be tendered in spring
The Iranian National Oil Company of Iran hasn't signed a contract with Lukoil, Deputy Director General on Investments Ali Cadore stated. According to him, the signing of documents will take place after the relevant …
LUKOIL reaches agreement on a number of projects in Iran
During last week's visit to Iran, the head of LUKOIL, Vagit Alekperov, reached an agreement with the authorities of the country on the possible involvement of the company in several mining projects in the country, Deputy Energy Minister ...
Alekperov: Price of gasoline in Russia will rise by a maximum of 10% in 2016
The head of LUKOIL, Vagit Alekperov, does not expect that this year's growth in gasoline prices in Russia will be more than 10%. "We believe that inflationary parameters can …
Lukoil to develop Iranian oil in Khouzestan
Russian Lukoil has signed a contract on two exploration projects in Iran. "Iran has signed a deal with Russia’s Lukoil over two exploration projects in the country’s southwestern oil-rich Khouzestan province," …
Ilham Aliyev holds meeting with Vagit Alekperov in Davos
Yesterday in Davos, Azerbaijani President Ilham Aliyev held the meeting with President of the Russian company 'LUKOIL', Vagit Alekperov. During the meeting, it was noted that for more than …
Russia sets new record in oil production
The Central Dispatch Administration of the Fuel and Energy Complex has published research data, according to which at the end of 2015 Russia produced 534.081 million tons of crude oil and gas condensate, which is 1.4% more than in 2014. …
Vagit Alekperov: oil prices to remain at current level in 2016
Lukoil’s President Vagit Alekperov predicted that the oil prices will remain at the level of $42-47 per barrel in the next year. "I was at the meeting with OPEC member-states in Vienna where I talked with …
